Mortgage application: Supporting documents

Supporting documents checklist

hen you receive your loan package, lenders will ask you to send them copies of certain documents to verify the information in your application.

The table below shows which documents are normally required. (Your loan package will tell you if additional documents are needed.) Help speed your approval by getting these documents together now, so you'll be ready to return your loan package right away.

Job income documents

If you're salaried:

W-2 forms for the most recent 2 years
Payroll-stubs for past 30 days (showing YTD earnings)

If you earn commissions:

Fed tax returns for past 2 years

If you're self-employed:

See self-employed income docs

Non-job income documents

Rental income:

Fed tax returns for past 2 years plus rental agreement(s)

Retirement/social security:

Award letter, tax returns, or bank statements if direct-deposit

Alimony/child support:

Divorce decree/separation agreement (canceled checks may be necessary)

Interest/dividends:

Fed tax returns for past 2 years

Other income:

Provide appropriate documentation<

Property documents

If you're refinancing:

Copy of homeowner's hazard insurance policy
Copy of property tax bill

If you're buying:

Purchase/deposit agreement (signed by buyer and seller)
Condos and PUDs may require additional documentation

Asset documents

If your down payment/closing
costs will paid from:

Personal assets

Copies of account statements for past 3 months

Gift cash

Letter from provider of gift

Proceeds from sale of current home

Copy of closing statement (HUD-1)

Credit documents

If you own your current home:

Year-end and most recent mortgage statements

If you'll be paying off loans/credit cards:

Copies of statements

If you have any derogatory items
(e.g. past due payments):

Written explanation with documentation (if applicable)

Self-employed income documents

If you are self-employed as a:

Sole proprietorship

Personal fed tax returns for last 2 years (signed)
Most recent YTD P/L statement (signed)

General partnership

Same as for sole proprietorship plus fed tax return forms K-1 and 1065 for last 2 years (signed)

Limited partnership

Same as for sole proprietorship plus fed tax return forms K-1 and 1065 for last 2 years (signed)
Copy of limited partnership agreement

Corporation

Same as for sole proprietorship plus fed tax return forms 1120 for last 2 years (signed)

S-corporation

Same as for sole proprietorship plus fed tax return forms K-1 and 1120 for last 2 years (signed)